Fleshers Haugh 48 Posted April 3, 2012 Share Posted April 3, 2012 DAVID WHITEHOUSE believes Rangers could be in new hands within a matter of weeks if an acceptable bid is forthcoming by tomorrow's 5pm deadline.The joint administrator has revealed that he expects four or possibly five bids to be submitted to Duff and Phelps by this time.They will then sift through the detail and hope to be in a position after Easter weekend to go public with a preferred bidder and then complete a deal to transfer ownership before the end of the season.And they have insisted that major shareholder Craig Whyte will not be an impediment to any prospective deal.Mr Whitehouse has confirmed that bidders have put forward a number of different options to take the club forward.These include a CVA and also an asset sale which would mean a new limited company taking over Rangers but this would NOT mean the closure of the football club or the loss of its 140 years of history.However, this option would probably mean domestic sanctions and possible exemption from European football.It is expected that Paul Murray and the Blue Knights, an American consortium and a Singaporean consortium will make bids. Sale Sharks owner Brian Kennedy is also thought to be a possible contender.Mr Whitehouse told rangers.co.uk: "We have been in detailed conversation with a number of parties over the last couple of weeks and the best and final bids are due to be submitted by tomorrow at 5pm."It could be we end up with at least four possibly five bids being submitted."If it becomes clear after tomorrow's bids then we would want to be backing one horse very soon after Easter and then concluding a deal within a few weeks - in other words ownership change - and Rangers would come out of administration at that point."We need to have ownership change before the end of the season."I am told that Craig Whyte will not be an impediment to any deal"Whilst we are mindful of the advantages of a CVA and that is our preferred outcome, there is economic consideration to be taken into account as well in that creditors will require the best return."Therefore those purchasers who are keen to promote and deliver a CVA exit must also recognise the need for their proposals to be commercially competitive"It's about what level of percentage will be available to creditors at the end of the day"We are very mindful of the views of the supporters in terms of a CVA but in the absence of a CVA an asset sale would not result in the closure of the club. It would involve the football club continuing through a new limited company."Supporters shouldn't lose sight that a well-capitalised club moving forward is a legitimate long term proposal for someone to put forward."The down side to an asset sale could be SFA and SPL sanctions which are undetermined." Quote Link to post Share on other sites More sharing options...
blueballss 2,975 Posted April 3, 2012 Share Posted April 3, 2012 heres hoping, anyone bar the yanks Quote Link to post Share on other sites More sharing options...
SwallowsHisOwnSpunk 7,922 Posted April 3, 2012 Share Posted April 3, 2012 heres hoping, anyone bar the yanksCarefull who's to say that another of the bids aren't there for the wrong reasons aswell. We need to make sure we get the right owners in and make sure Paul Murray and co do have enough cash overwise we will be back to where we started.Personally i'm still holding out hope for the grand master and supreme ruler of Qatar to jump in with the aim of winning the Chamions League and then buying us into the EPL Quote Link to post Share on other sites More sharing options...
54andcounting 627 Posted April 3, 2012 Share Posted April 3, 2012 ""I am told that Craig Whyte will not be an impediment to any deal" FFs, don't you know!!! try asking him!!! Quote Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted April 3, 2012 Share Posted April 3, 2012 Whytes latest actions say very differently Quote Link to post Share on other sites More sharing options...
nvager 498 Posted April 3, 2012 Share Posted April 3, 2012 It is anyone's guess for now. Quote Link to post Share on other sites More sharing options...
Scott-RFC 308 Posted April 3, 2012 Share Posted April 3, 2012 They seem to be heading away from a cva, not good Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted April 3, 2012 Share Posted April 3, 2012 It is anyone's guess for now.indeed it is. Quote Link to post Share on other sites More sharing options...
Smile 26,622 Posted April 3, 2012 Share Posted April 3, 2012 Hopefully this situation ends well for us and quickly as this dragging it outs Murder. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted April 3, 2012 Share Posted April 3, 2012 the sooner its over the better I suppose. even if its liquidation. Quote Link to post Share on other sites More sharing options...
Alnic3856 358 Posted April 3, 2012 Share Posted April 3, 2012 I don't like the sound of an asset sale, sinc the only saleable assets we have are players Quote Link to post Share on other sites More sharing options...
BlueThunder 8,454 Posted April 3, 2012 Share Posted April 3, 2012 What were the first and second bidding deadlines set before this one for? Quote Link to post Share on other sites More sharing options...
Jela 2 Posted April 3, 2012 Share Posted April 3, 2012 This 'asset sale' stuff seems like another way of saying liquidate the club and move to another company. It's worrying that they seem to be preparing the fans for this. Quote Link to post Share on other sites More sharing options...
Dl2068 17 Posted April 3, 2012 Share Posted April 3, 2012 the sooner its over the better I suppose. even if its liquidation. Not what u were spouting this morning, what changed your mind ? Quote Link to post Share on other sites More sharing options...
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